A hands-on advisor to navigating the hot gas markets
Fuel Hedging and possibility administration: suggestions for airways, Shippers and different shoppers provides a transparent and sensible realizing of commodity fee dynamics, key gas hedging strategies, and probability administration techniques for the company gasoline patron. It covers the commodity markets and spinoff tools in a fashion obtainable to company treasurers, monetary officials, chance managers, commodity investors, structurers, in addition to quantitative execs dealing within the strength markets.
The ebook contains a wide array of key issues concerning commodities and derivatives markets, monetary threat research of commodity shoppers, hedge software layout and implementation, vanilla derivatives and unique hedging items. The publication is exclusive in supplying intuitive assistance on knowing the dynamics of ahead curves and volatility time period constitution for commodities, gasoline derivatives valuation and counterparty possibility techniques reminiscent of CVA, DVA and FVA. totally updated and correct, this ebook comprises entire case reviews that illustrate the hedging technique from notion to execution and tracking of hedges in assorted situations.
This functional consultant can help the reader:
- Gain specialist perception into all points of gas hedging, rate and volatility drivers and dynamics.
- Develop a framework for monetary hazard research and hedge programs.
- Navigate unstable strength markets via making use of potent chance administration techniques.
- Manage undesirable dangers linked to commodity derivatives by means of realizing liquidity and credits chance calculations, publicity optimization ideas, credits fees reminiscent of CVA, DVA, FVA, etc.
Praise for Fuel Hedging and possibility Management
"Risk administration is an paintings, now not a technological know-how, however it definitely is helping to understand loads of technological know-how. during this e-book, the authors supply a good review of either qualitative and quantitative facets of chance administration and the way to layout and implement powerful win-win gas oil hedging innovations that may in attaining the specified pursuits below common and severe marketplace conditions.
In addition to discussing key foundational matters, the ebook additionally discusses a framework to appreciate and deal with highly very important second-order results, corresponding to credits danger or margin calls or asset-liability mismatches, that have the capability to show a good suggestion right into a undesirable outcome.
A needs to learn for someone within the finance division of a company, exchange apartment, or monetary company focused on gasoline oil hedging."
—Diego Parrilla, Former international Head of Commodity ideas and Head of Commodities, financial institution of America
"This e-book offers hugely helpful insights into hedging and danger administration methodologies, in addition to thought, for the clients of strength items. Dafir presents instinct stemming from not only top-tier commodity structuring services, but in addition broader perception from his prior adventure as a credits derivatives and exotics trader."
—Mitch Matharu, former Head of Structuring, Merrill Lynch
"An Absolute needs to learn. From the basics of oil markets to the foremost issues in negotiating a credits contract and minimizing hedging bills, passing through the subtleties of implied volatility floor development and its implications in derivatives pricing, this booklet will give you the quintessential practitioner's toolbox, important even if you're a amateur or a professional gas trader."
—Frederic Cogny, international Head of Commodities established items buying and selling, regular Chartered Bank
"In this e-book, Dafir blends his deep wisdom of the commodity markets and the vagaries of the monetary marketplace together with his awesome mathematical skill to discover gas hedging in a fashion available to gas Procurement Departments, CFOs and board members."
—Mark Long, Former Head and dealing with Director of Merrill Lynch Commodities Asia
". . . This booklet is a hands-on advisor for an individual drawn to "Fuel Hedging and threat Management", together with legal professionals concerned with the execution of commodities hedging transactions and similar ISDA and CSA negotiations."
—Justin Boyd, Former Head of monetary Markets felony, regular Chartered Bank